wazua Wed, Mar 18, 2026
Welcome Guest Search | Active Topics | Log In

22 Pages«<1314151617>»
Now Imperial Bank under receivership for 12 months
Options
Previous Topic · Next Topic
Museveni
#211 Posted : Monday, November 16, 2015 1:01:44 PM
Rank: Member

Joined: 8/16/2012
Posts: 661
muganda wrote:
Central Bank a tad frustrated by the pace of the shareholders.
Imperial's owners frustrate CBK plan

Meanwhile, large depositors met in Mombasa further irking CBK.




Sharks everywhere. That was just bait for some large depositor.
He's smelled blood on the corridors knowing some of the large depositors have accumulated the $$ in ways that may complicate the withdrawal process now that the bank is under receivership.
Pity the small depositors roped into the mess.
Unmasking the large depositors will drag on for a while, reason they will try to rope in small depositors on the frontline to make the most noise for them to CBK.
As one Benji put it:
Live and learn; and don’t forget, nothing ventured, nothing gained.
Back to top
  | | Edit by user: Monday, November 16, 2015 1:03 PM | Reason: Not specified
muganda
#212 Posted : Monday, November 16, 2015 2:56:22 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Museveni wrote:

Sharks everywhere. That was just bait for some large depositor.
He's smelled blood on the corridors knowing some of the large depositors have accumulated the $$ in ways that may complicate the withdrawal process now that the bank is under receivership.
Pity the small depositors roped into the mess.
Unmasking the large depositors will drag on for a while, reason they will try to rope in small depositors on the frontline to make the most noise for them to CBK...
Back to top
  | | Edit by user: Monday, November 16, 2015 2:57 PM | Reason: Not specified
whiteowl
#213 Posted : Monday, November 16, 2015 11:33:27 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Back to top
  |
murchr
#214 Posted : Wednesday, November 18, 2015 1:24:06 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Troubled Imperial Bank will require as much as Sh40 billion in new capital to be put back on track, a Central Bank of Kenya (CBK) official involved in the revival proposals said.
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
Back to top
  |
Impunity
#215 Posted : Thursday, November 19, 2015 10:10:00 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
what will make a person to open 5 different accounts with the same bank?
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
Back to top
  |
whiteowl
#216 Posted : Thursday, November 19, 2015 10:35:09 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Impunity wrote:
what will make a person to open 5 different accounts with the same bank?


this is quite normal. Example, you can have accounts for different currencies shilling, dollar, Euro, pound in the same bank.
Back to top
  |
Impunity
#217 Posted : Thursday, November 19, 2015 11:26:44 AM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
whiteowl wrote:
Impunity wrote:
what will make a person to open 5 different accounts with the same bank?


this is quite normal. Example, you can have accounts for different currencies shilling, dollar, Euro, pound in the same bank.


His was for only KES.
But its good to spread out the risk.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
Back to top
  |
whiteowl
#218 Posted : Thursday, November 19, 2015 11:32:12 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
Impunity wrote:
whiteowl wrote:
Impunity wrote:
what will make a person to open 5 different accounts with the same bank?


this is quite normal. Example, you can have accounts for different currencies shilling, dollar, Euro, pound in the same bank.


His was for only KES.
But its good to spread out the risk.


yes,spreading the risk is a must.where money is involved its good to plan for worst case scenarios even though they don't happen much often.
Back to top
  |
Lolest!
#219 Posted : Thursday, November 19, 2015 11:54:04 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Back to top
  |
watesh
#220 Posted : Thursday, November 19, 2015 5:37:41 PM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Even is this bank is opened again, who in their right mind will take his money there?
Back to top
WWW
  |
Impunity
#221 Posted : Thursday, November 19, 2015 6:24:45 PM
Rank: Elder

Joined: 3/2/2009
Posts: 26,331
Location: Masada
watesh wrote:
Even is this bank is opened again, who in their right mind will take his money there?


They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya.
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
Back to top
  |
watesh
#222 Posted : Friday, November 20, 2015 12:49:01 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
Impunity wrote:
watesh wrote:
Even is this bank is opened again, who in their right mind will take his money there?


They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya.

hahahaha you cant steal another bank's name and branding just like that. Anyway a new name without media attention may work but you know media cant shut up.
Back to top
WWW
  |
enyands
#223 Posted : Friday, November 20, 2015 1:07:09 AM
Rank: Elder

Joined: 12/25/2014
Posts: 2,301
Location: kenya
watesh wrote:
Impunity wrote:
watesh wrote:
Even is this bank is opened again, who in their right mind will take his money there?


They will change its name to something exotic like Morgan Chase Kenya or HSBC-Kenya.

hahahaha you cant steal another bank's name and branding just like that. Anyway a new name without media attention may work but you know media cant shut up.


Same as taking the same monkeys to a different forest. They will still make the same annoying noise Laughing out loudly
Back to top
  |
muganda
#224 Posted : Wednesday, November 25, 2015 4:25:21 PM
Rank: Elder

Joined: 9/15/2006
Posts: 3,907
Saga continues. The defense by Janmohammed family makes for horrid reading. http://www.businessdailyafrica....6/-/gq8ynvz/-/index.html

And together with the whistleblowers, they are all represented by Ahmednasir, making me think the issue will not be resolved soon.

Meanwhile, depositors seem at odds with CBK and are working to ensure bank remains open. Soon it may be difficult to tell pebbles from soil in the muddy affair.
Back to top
  | | Edit by user: Wednesday, November 25, 2015 4:27 PM | Reason: Not specified
dunkang
#225 Posted : Wednesday, December 02, 2015 1:39:51 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831

Receive with simplicity everything that happens to you.” ― Rashi

Back to top
  |
22 Pages«<1314151617>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.